New CFO to shape financial strategy and investor relations BOSTON, Aug. 27
BOSTON, Aug. 27 /PRNewswire-FirstCall/ -- Earth Search Sciences, Inc.
(OTC Bulletin Board: ESSE), a technology company focused on the development of
domestic, inland oil resources and revolutionary ultraspectral imaging
technologies today announced the appointment of a key new member to its senior
management team. Charles G. Bridge Jr. has been appointed Earth Search's CFO.
As CFO, Bridge will be responsible for financial and strategic planning
and investor relations. Bridge brings a wealth of experience connecting
investors with viable corporate partners, raising capital for corporate
entities, and managing financial and corporate accounting, SEC and NASD
reporting, human resources, and corporate risk matters. Bridge has held CFO
positions in the investment and venture capital fields since 1997.
Luis Lugo, CEO of ESSI, said Bridge's appointment represents a significant
step forward for the company.
"Buoyed by Charles' pedigree in financial management and investor
relations, we're confident ESSI will be ideally positioned to secure continued
investment as we close in on our proof-of-concept patented gasification
technology testing scheduled for the fall and other patented technologies,"
said Lugo.
"Earth Search is quickly establishing itself as a notable player in the
oil shale exploration and development arena," said Bridge. "Having secured
financing to build and test a new prototype, ESSI is attracting interest from
small-cap investors, land owners and multi-national corporations. Joining ESSI
right now represents a unique opportunity to assist the company in realizing
ambitions that will place it among the top players in domestic oil shale
recovery and development."
Bridge most recently served as Managing Director and Chief Financial
Officer with Brooke Private Equity Advisors in Boston where he helped grow the
firm to $800 million in assets under management. Prior to that, he served as
CFO for Boston Capital Ventures. Bridge was also CFO for Capital Resource
Advisors/Wellesley Group, Inc.
Bridge holds an M.B.A. from Northeastern University and a B.S. from the
University of Maine.
About Earth Search Sciences -- http://www.earthsearch.com
Earth Search Sciences, Inc.'s (OTC Bulletin Board: ESSE) revolutionary
hyperspectral and ultraspectral technology provides the ability to accurately
read the chemical properties of surface substances from great altitudes and
produce easily interpreted maps allowing the user to identify specific
minerals and substances on the surface of the earth by their diagnostic
reflectance patterns. Ultimately, this remote sensing capability identifies a
greater number of exploration targets quickly and economically, monitors the
environmental situation, and improves the probability of finding anomalies.
Older, more conventional methods would take decades to cover the same area,
and at a much greater cost. Within the realm of exploration, remote sensing
does not replace the need for geological knowledge, geochemistry, geophysics,
seismic, drilling, etc, which are some of the more conventional tools used for
exploration. The application of Earth Search's patented and IP-protected
hyperspectral technology cuts across the commercial, medical and military
spectra.
This news release includes forward-looking statements that involve a
number of risks and uncertainties. The information reflects numerous
assumptions as to industry performance, general business and economic
conditions, regulatory and legal requirements, taxes and other matters, many
of which are beyond the control of the company. Similarly, this information
assumes certain future business decisions that are subject to change. There
can be no assurance that the results predicted here will be realized. Actual
results may vary from those represented, and those variations may be material.
SOURCE Earth Search Sciences, Inc.
